JSC Bank of Georgia signs c.GEL 90 million 5-year loan agreement with EBRD

Bank of Georgia Group PLC (“the Group”) announces that its subsidiary, JSC Bank of Georgia (the “Bank” or “Bank of Georgia”) and the European Bank for Reconstruction and Development (“EBRD”) have signed a c.GEL 90 million loan agreement with a maturity of five years. The facility aims to continue to provide micro, small and medium-sized enterprises access to increasingly demanded long-term local currency funding and to further support their alignment with the European Union’s Deep and Comprehensive Free Trade Agreement requirements. This financing is part of a wider EU4Business and EBRD credit line – a financing instrument to boost competitiveness of local firms in the Eastern Partnership region. EBRD will obtain the local currency funds through a private placement of GEL-denominated bonds arranged by Galt & Taggart, a wholly owned brokerage subsidiary of the Group.